Jeff Bezos will save over $600 million in taxes by moving to Miami

return2ozma@lemmy.world to News@lemmy.world – 378 points –
Jeff Bezos will save over $600 million in taxes by moving to Miami
cnbc.com
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If I had 200 dollars and someone would offer me 60 cents for moving to Miami, I would not move.

I hear Miami is a pretty fun town to live in, but I haven't been there since I was 6 so I have no idea. I don't expect to ever visit given it's in Florida.

He doesn't have a billion dollars in cash

His net worth is just under $200 billion.

He could easily liquidate 1 billion of that to cash.

The article states that he's planning to liquidate over $8B this year alone. I don't known what kind of drugs that other commenter is smoking.

This article is about selling $8B of shares...